Business Development & Lending Specialist

New Majority Capital Management LLC; Providence (RI); Remote; USD 75,000 - 95,000; Full time

Benefits offered by this job

Health insurance

401(k) retirement plan with company 3%

Vacation days

Co-working access

Job summary

New Majority Capital Management LLC is seeking a sharp SBA-savvy Business Development & Lending Specialist to drive our search fund deals. You will review LOIs, advise on deal structuring, shape datarooms, and shepherd deals to bank approval while deepening relationships with SBA lenders, CDFIs, and other capital partners.

This role focuses on debt financing readiness, lender engagement, and guiding entrepreneurs from intake through term sheets, with a remote-first setup and travel as needed.

Qualifications

• 3–5+ years in SBA 7(a) lending—originations or underwriting.
• Strong grasp of deal flow, loan structuring, and credit risk.
• Experience working with small business owners or acquisition entrepreneurs.
• Excellent relationship-building skills with entrepreneurs and lenders.
• Business development mindset and customer service experience.

Responsibilities

• Review LOIs with entrepreneurs before submission.
• Advise on deal structuring, including SBA 7(a) underwriting alignment.
• Help build and review datarooms for lender readiness.
• Prepare borrowers for underwriting and funding conversations.
• Manage the pipeline from intake to LOIs and term sheets.

Skills

SBA 7(a) lending

Deal flow

Relationship building

Business development

Customer service

Job description

NMC is looking for a sharp, SBA-savvy Business Development & Lending Specialist to help fuel our pipeline of search fund deals and guide entrepreneurs through the early stages of acquisition readiness. You’ll live at the top of the funnel - reviewing LOIs, advising on deal structuring, shaping datarooms, and shepherding deals toward bank approval. You’ll also own and deepen our relationships with lending institutions, CDFIs, and other capital partners, helping ensure financing readiness and alignment across all parties.

This role is ideal for someone who has worked in SBA 7(a) loan originations or underwriting and wants to be on the frontlines of entrepreneurial capital access. You’ll collaborate closely with the Deal Analyst, but focus squarely on the debt side of the deal - ensuring entrepreneurs have the capital readiness and financing partner relationships to get to a close.

Key Responsibilities

Work with entrepreneurs to assess the strength and structure of LOIs before submission

Provide feedback on deal structuring, including seller notes in alignment with SBA 7a underwriting guidelines

Help build and review datarooms to ensure completeness and lender readiness

Serve as a trusted advisor in preparing borrowers for underwriting and funding conversations

Manage our pipeline of entrepreneurs as they go through various stages from intake form reviews to obtaining countersigned LOIs and term sheets

Lender Relationships & Loan Origination

Own and expand NMC’s lender network, especially SBA 7(a) partners and CDFIs

Match entrepreneurs with appropriate lenders based on deal profile, geography, and fit

Stay current on SBA policy changes and guide entrepreneurs accordingly

Act as a go-between for borrowers and banks, smoothing out roadblocks and misalignments

Represent NMC at lending, ETA, and small business finance events

Participate in our bETA accelerator as a speaker and mentor on loan prep and process

Help shape curriculum related to capital readiness, lender engagement, and SBA literacy

Qualifications

Must-Haves

3–5+ years of experience in SBA 7(a) lending—either in originations or underwriting

Strong grasp of deal flow, loan structuring, and credit risk

Experience working with small business owners or acquisition entrepreneurs

Excellent relationship-building skills with both entrepreneurs and lenders

Business development mindset and customer service experience

Bonus Points

Familiarity with self-funded ETA or search funds

Experience presenting at or contributing to entrepreneur-facing educational programs

Existing relationships with lenders or credit officers at SBA-active banks

You’ll Thrive Here If You...

Love matching people with the right partners

Are process-savvy and systems-minded, but people-first

Know the SBA game and want to use that knowledge for good

Are excited to work closely with a values-driven, impact-focused investment team

Compensation

Base salary range: $75,000-$95,000

Performance bonus structure based on deals closed

100% company covered health insurance plans

Company sponsored 401(k) retirement savings plan with 3% company match

New employees start with 15 vacation days, 6 personal days, and 10 sick days

NMC is a remote-first organization with a membership at a co-working space in Boston, MA and Providence, RI. This position is primarily remote with the exception of some travel and in-person team days. Travel more than 100 miles will be reimbursed and is expected for the following:

Quarterly team strategy offsite meeting

Annual offsites with national team

In-person presentations/meetings as needed

Conferences

Site visits at potential Fund portfolio companies

New Majority Capital (NMC) is committed to providing a workplace free from discrimination or harassment. We expect every member of the NMC community to do their part to cultivate and maintain an environment where everyone has the opportunity to feel included, and is afforded the respect and dignity they deserve.

Decisions related to hiring, compensating, training, evaluating performance, or terminating are made fairly, and we provide equal employment opportunities to all qualified candidates and employees. We examine our unconscious biases and take responsibility for always striving to create an inclusive environment that makes every employee and candidate feel welcome. We encourage all interested candidates to apply.